Question details

MGT 488 Week 1-DQ3
$ 10.00

What are the components that comprise a sustainable competitive advantage for a firm?

 

Four components comprise a sustainable competitive advantage. According to Hitt, Ireland, & Hoskisson (2009), the criteria is as follows:

 

  • Valuable: allow the firm to exploit opportunities or neutralize threats in its external environment
  • Rare: capabilities that few, if any,competitors possess
  • Costly to imitate: capabilities that other firms cannot easily develop.
  • Nonsubstitutable: capabilities that do not have strategic equivalents (p. 82).

 

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